CVS Health to Build Affordable Homes in Cleveland
A groundbreaking ceremony was held Thursday morning in Cleveland.
Cleveland — Editor’s Note: The above video previously aired in an unrelated article on August 1, 2022.
CVS Health has announced a $10.5 million investment in housing for young people experiencing homelessness in Cleveland.
A groundbreaking ceremony was held at 11 a.m. at 1418 East 47th Street in Cleveland where the new three-story residential unit will be built.
Investments from CVS Health and CHN Housing Partners will build Cuyahoga Transitioning Aged Youth (TAY), a 50-unit housing for adults ages 18-24 experiencing homelessness and housing insecurity.
said Tracey Izzard, CEO of Aetna Better Health of Ohio, a CVS Health company. “Through our investment in Cleveland, we are addressing the social determinants of health and giving these young people the resources they need to succeed in life.”
Cuyahoga TAY is a supportive housing development that provides on-site health and social services to help young people rebuild their lives.
Some services include:
- mental and behavioral health
- financial literacy
- employment services
- academic services
- life skills training
Kevin Nowak, Executive Director of CHN Housing Partners, said: “It’s the first time in Cleveland and it’s a true collaboration with young people with living expertise.”
Cuyahoga TAY offers one and two bedroom residential units complete with air conditioning, refrigerator, electric range, window blinds and storage.
Other amenities at affordable housing complexes include onsite management, onsite assistance services, community rooms with study kitchens, laundry facilities, onsite parking, and basketball courts.
Investments in CVS Health have created nearly 1,750 affordable homes since 2020.
Editor’s Note: The video above previously aired on 3News on July 11, 2022.